The Manufacturers Life Insurance Company Sells 91,378 Shares of Compass Diversified (NYSE:CODI)

The Manufacturers Life Insurance Company trimmed its stake in shares of Compass Diversified (NYSE:CODI) by 7.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,092,484 shares of the financial services provider’s stock after selling 91,378 shares during the quarter. The Manufacturers Life Insurance Company owned 1.45% of Compass Diversified worth $23,914,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC raised its position in shares of Compass Diversified by 2.0% in the second quarter. Allspring Global Investments Holdings LLC now owns 4,117,375 shares of the financial services provider’s stock worth $90,129,000 after buying an additional 80,089 shares in the last quarter. William Blair Investment Management LLC increased its stake in Compass Diversified by 8.8% in the 1st quarter. William Blair Investment Management LLC now owns 1,872,815 shares of the financial services provider’s stock worth $45,079,000 after acquiring an additional 150,990 shares during the last quarter. Lord Abbett & CO. LLC raised its holdings in shares of Compass Diversified by 186.4% in the 1st quarter. Lord Abbett & CO. LLC now owns 1,368,163 shares of the financial services provider’s stock valued at $32,932,000 after acquiring an additional 890,413 shares in the last quarter. Essex Financial Services Inc. boosted its position in shares of Compass Diversified by 45.0% during the 2nd quarter. Essex Financial Services Inc. now owns 1,094,839 shares of the financial services provider’s stock valued at $23,966,000 after acquiring an additional 339,698 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Compass Diversified by 9.2% during the second quarter. Sei Investments Co. now owns 703,142 shares of the financial services provider’s stock worth $15,392,000 after purchasing an additional 59,172 shares in the last quarter. 72.73% of the stock is currently owned by institutional investors.

Compass Diversified Trading Down 1.4 %

Shares of CODI opened at $21.82 on Wednesday. Compass Diversified has a 1-year low of $16.88 and a 1-year high of $25.07. The company has a market capitalization of $1.64 billion, a P/E ratio of 128.35, a P/E/G ratio of 1.43 and a beta of 1.68. The company has a debt-to-equity ratio of 1.48, a current ratio of 4.18 and a quick ratio of 1.65. The firm’s 50 day simple moving average is $21.56 and its 200 day simple moving average is $22.26.

Compass Diversified (NYSE:CODI) last posted its quarterly earnings data on Wednesday, July 31st. The financial services provider reported $0.83 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.39. Compass Diversified had a net margin of 4.82% and a return on equity of 11.94%. The firm had revenue of $542.60 million for the quarter, compared to analysts’ expectations of $550.45 million. Sell-side analysts forecast that Compass Diversified will post 1.9 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Cgi Magyar Holdings Llc sold 69,681 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $23.02, for a total transaction of $1,604,056.62. Following the transaction, the insider now directly owns 7,791,471 shares of the company’s stock, valued at approximately $179,359,662.42. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, major shareholder Cgi Magyar Holdings Llc sold 69,681 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $23.02, for a total transaction of $1,604,056.62. Following the transaction, the insider now owns 7,791,471 shares of the company’s stock, valued at approximately $179,359,662.42. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Ryan J. Faulkingham purchased 2,000 shares of the stock in a transaction on Monday, August 5th. The stock was acquired at an average cost of $20.17 per share, with a total value of $40,340.00. Following the completion of the purchase, the insider now directly owns 35,950 shares of the company’s stock, valued at $725,111.50. The disclosure for this purchase can be found here. Corporate insiders own 1.76% of the company’s stock.

About Compass Diversified

Compass Diversified is a private equity firm specializing in add on acquisitions, buyouts, industry consolidation, recapitalization, late stage and middle market investments. It seeks to invest in niche industrial or branded consumer companies, manufacturing, distribution, consumer products, business services sector, healthcare, safety & security, electronic components, food and foodservice.